MTrac to Showcase Closed-Loop Payment Platform for Cannabis to State Legislators
September 18 2019 - 8:00AM
InvestorsHub NewsWire
MTrac to Showcase Closed-Loop Payment Platform
for Cannabis to State
Legislators
SAN
DIEGO, CA -- September 18, 2019 -- InvestorsHub NewsWire -- Global
Payout Inc. (OTCPink:GOHE)
(“Global” or the “Company”) is pleased to announce that
following the launch of their West Coast Government Relations
initiative, the MTrac team has secured meetings with some of the
top legislative stakeholders in California, Nevada, Washington and
Arizona.
Over the next several weeks
representatives from MTrac’s legal and compliance teams and key
company executives will attend upwards of 25 meetings with, among
others, Legislative aids, directors, office of the state treasurer
representatives, chiefs of staff, assembly committees,
representatives of the tax policy bureaus, and other key offices
within the state that play an integral role in implementing state
cannabis regulatory policy objectives.
The goal of this initiative is to
offer the states a fully compliant, transparent and secure payment
system they can use to both regulate and tax their rapidly
expanding Cannabis industries. Several states, Nevada and Arizona
among them, are actively seeking a closed-loop payment platform to
solve the cash problem in their own legal cannabis industries, and
the Company believes MTrac to be an ideal fit. The MTrac payment
platform boasts some distinct competitive advantages over other
options, not the least of which is the ability to use traditional
PIN/Debit hardware that does not require preloading a gift card or
an app. MTrac also boasts a large a growing client base that can be
leveraged to showcase the functionality of the system. For these
reasons and many others, the Company believes this presents an
opportunity of which MTrac is uniquely positioned to take
advantage.
The Company will keep the public
apprised of it progress on these initiatives at regular
intervals.
About Global Payout,
Inc. (OTC
Pink:GOHE)
Since
the Company's inception in 2009, Global Payout, Inc. has been a
leading provider of comprehensive and customized prepaid payment
solutions. From 2014 to 2017
Global focused on identifying new state of the art technologies in
a variety of industry sectors and successfully helped launch
MoneyTrac Technology Inc. and other companies within the FinTech
space. In 2018, Global completed a reverse triangular merger with
MoneyTrac Technology Inc. resulting in Global retaining the wholly
owned subsidiary, MTrac Tech Corporation. Global’s current focus is
continuing to identify new business opportunities while it
reorganizes its future business
endeavors.
About MTrac Tech
Corp.
MTrac
Tech Corporation, a Nevada Corporation, is a privately held, wholly
owned subsidiary of Global Payout, Inc. MTrac is a software
technology, sales and marketing, and business development company
focused on “high risk” and “high cost” industries. The Company’s
flagship product is the MTrac payment platform offering a
full-service solution with technology offerings including Payment
Platform, Blockchain, Compliance, POS, E-Wallet, Mobile Application
and Digital Payment Solutions. We are one network disrupting the
status quo. It is MTrac’s creative vision through the use of its
innovative technology solution to become the premier service
provider offering the “Key to
Cashless®.”
Forward-Looking
Statements Disclaimer:
This
press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
In some cases, you can identify forward-looking statements by the
following words: "anticipate," "believe," "continue," "could,"
"estimate," "expect," "intend," "may," "ongoing," "plan,"
"potential," "predict," "project," "should," "will," "would," or
the negative of these terms or other comparable terminology,
although not all forward-looking statements contain these words.
Forward-looking statements are not a guarantee of future
performance or results and will not necessarily be accurate
indications of the times at, or by, which such performance or
results will be achieved. Forward-looking statements are based on
information available at the time the statements are made and
involve known and unknown risks, uncertainty and other factors that
may cause our results, levels of activity, performance or
achievements to be materially different from the information
expressed or implied by the forward-looking statements in this
press release. This press release should be considered in light of
all filings of the Company that are disclosed on the OTC
Markets.com website.
Media
Contacts:
Global Payout,
Inc.
www.globalpayout.com
(702) 790-2511 Ext. 101
Ir@globalpayout.com
MTrac
Tech Corp.
www.Mtractech.com
(702) 790-2511 Ext. 101
ir@mtractechcorp.com
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